Press release
Food Processing & Handling Equipments Market to Witness a Pronounce Growth during 2026| Top Players Middleby Corporation, Welbeit Inc., Multivac Corporation and Others.
The Global Food Processing & Handling Equipments Market was valued at USD 127.4 Billion in 2018 and is expected to reach USD 207.6 Billion by year 2026, at a CAGR of 6.3 percent. The rising demand for food processing & handling equipment attributed to the increase in the world consumption. The people in developing countries like India, China and the large market from these countries will create more demand from the food industry. The shift in preference among the population in terms of what they eat to avoid any health concerns and the increase in income of the people in the choice of food is found across the globe. The demand for higher value-added food is growing tremendously.Request for FREE sample report @https://www.reportsanddata.com/sample-enquiry-form/2084
These equipment are designed to meet the requirement of industries but the during past few years the government intervention in the sector has increased due to safety and health concerns and because of which to cope up with the standards set is major challenge for the industry around the globe. The equipment manufacturers also have to design the material following the standard set as because which price rise witnessed for the industry. The processing production cycle, initial foundation operations focus on making the raw material for subsequent processes--typically mechanical or chemical processing--by unraveling the desirable material from the low quality, substandard, or unwanted material.
In doing so, manufacturers are better able to guarantee the production of uniform and high-quality products, as well as remove foreign matter and contaminants which may degrade or damage the food material or equipment.
In market segmentation by manufacturers, the report covers the following companies:- Alfa Laval, Buhler AG, JBT Corporation, GEA, Dover Corporation, Robert Bosch, IMA Group, Middleby Corporation, Welbeit Inc., Multivac Corporation and Others.
Mechanical processing operations are engaged (without the application of heat or chemicals) to homogenize, reduce, enlarge, or otherwise alter the physical form of solid, semi-solid, and liquid matter. By changing the form and size of the food matter, manufacturers can facilitate and raise the efficiency and effectiveness of subsequent processes, improve the overall quality and edibility, and allow for a greater range of products to be produced.
For the purpose of this report, Reports and Data has segmented the Food Processing & Handling Equipments market based on form, application, equipment type, processing type, and region:
Form (Revenue, USD Billion; 2019-2026)
Solid
Liquid
Others
Application (Revenue, USD Billion; 2019-2026)
Bakery & Confectionery
Meat, Poultry & Seafood
Dairy Products
Prepared Food
Fat & Oil
Fruits & Vegetables
Others
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Equipment Type (Revenue, USD Billion; 2019-2026)
Elevators
Conveyor Belts
Hoppers & Silos
Reclaimers
Stackers
Processing Type (Revenue, USD Billion; 2019-2026)
Grading
Sorting
Milling
Packing
Regional Outlook (Revenue in USD Billion; 2019-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Further key findings from the report suggest:-
As of 2018, Bakery & Confectionery is the dominating industry application, which holds 21.8% of the global industry. The Asia-pacific market is the chief revenue-generating source for this product segment, followed by North America and Europe regions
The New Product Launches and with the advancement in technology and reluctance of the companies to change the skilled workforce with technology are major challenges before the processing companies.
Dairy Products application is expected to be the fastest-growing market segment during forecast period 2019-2026 with a CAGR of 6.8%. However, risk associated with products like shelf life, costs, and alternatives to dairy products are major challenge for the market growth.
Others Application segment (that includes livestock feed, Frozen Foods, pharmaceutical, juices & beverages, soups, seasoning & dressings) was valued at USD 10.3 billion and is expected reach USD 16.2 billion by 2026
Conveyor Belts equipment type holds 32.5% of the equipment type segment. The increasing use of conveyor belts for horizontal moving of products in the company is the primary factor for the growth.
Asia Pacific is expected to account for 33% of the global industry due to rising demand from countries like Japan, Australia, New-Zealand, with developing nations such as India & China
A large number of risks associated with food processing and large investment requirements in the industry are likely to hinder the industry growth during the forecast period.
Food Processing & Handling Equipment market is growing at a CAGR of 5% in Asia Pacific followed by North America and Europe, with 6.4% and 6.0% CAGR, respectively. The increasing demand across the globe is the key factor to accelerate the market growth during the forecast period across all regions
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The Food Processing And Handling Equipments Market Research/Analysis Report addresses the following questions:
Which Manufacturing Technologies are prevalent in the production of Food Processing And Handling Equipments ? What are the Recent Developments relating to that technology? Which Trends are responsible for these developments?
Who are the leading vendors in the Global Food Processing And Handling Equipments Market? What are their individual market standing and contact information?
What is the current industrial scenario of the Global Food Processing And Handling Equipments Market? What were the Value, Volume, Production Capacity, Cost, and Profit Margin of the overall market?
What is the outcome of the competitive analysis on the Food Processing And Handling Equipments Market both in terms of companies and regions? What is the market assessment for the Food Processing And Handling Equipments Market as per the market segmented into types and applications?
What are the predictions for the Global Food Processing And Handling Equipments Market in terms of capacity, production, and production value? What is the estimated cost and profit that the market will garner in the forecast period? What are the speculated market share and rates of production and consumption? What is the import/export status of the market?
What is the outcome of the value chain analysis of the Food Processing And Handling Equipments Market in terms of upstream and downstream industries?
Which economic factors are expected to impact the future of the Food Processing And Handling Equipments Market? What are the existing micro- and macro-economic elements influencing the industry? What are the development trends visible in the current economic setting?
What is the Market Dynamics of the Food Processing And Handling Equipments Market? What are the emerging threats and prospects in the market?
What are the optimum strategies that companies should implement? What are the most lucrative countermeasures that will allow readers to capitalize on the economic conditions and distribution channels?
In conclusion:
the Food Processing And Handling Equipments Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.
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